Landmark Cars Q1 profit nearly doubles as revenue rises 22%; adds ChargeZone EV tie-up
Landmark Cars reported Q1 consolidated net profit of ₹14.5 crore, up 97.5% year on year, on revenue from operations of ₹1,733 crore, up 22.47%. The premium auto retailer also partnered with ChargeZone on EV charging wallet credits and potential recurring customer revenue.
What happened
Indian premium auto retailer Landmark Cars nearly doubled Q1 profit to ₹14.5 crore as revenue rose 22.47% to ₹1,733 crore. It also partnered with ChargeZone to
Key facts
- Q1 consolidated net profit: ₹14.5 crore, up 97.5% YoY
- Revenue from operations: ₹1,733 crore, up 22.47% YoY
- Vehicle sales revenue: ₹1,465 crore, up 24.15% YoY
- Mercedes-Benz share of revenue: 38%
- After-sales, spares and other revenue: ₹268 crore, up 14.04% YoY
- EBITDA: ₹75.2 crore, up 13.7% YoY
- EBITDA margin: 4.34%, down 33 basis points YoY
- Average service revenue per car: ₹27,172
Why this matters
The ChargeZone partnership adds an EV ownership-services layer that could deepen customer retention and create recurring revenue beyond Landmark Cars’ core vehicle retail business.
What to watch
- Quarterly EBITDA margin returning above 4.5% despite continued revenue growth.
- Service, spares, insurance and finance income growing faster than new-vehicle revenue.
- Evidence of sustained premium OEM demand, including new model launches, booking trends and delivery volumes.
- Rising inventory or borrowing costs that absorb operating-profit gains and pressure cash conversion.
- ChargeZone wallet adoption metrics or disclosure of recurring/revenue-share economics.
- Any acceleration in EV sales mix at represented luxury brands and expansion of charging access across dealership markets.
- Track whether management directs incremental capex toward premium dealership additions, service bays and EV-related customer infrastructure rather than broad-based discounting.
- Assess Q1 profit quality through vehicle volumes, average selling price, gross margin, F&I income, service/parts revenue and one-off items.
- Watch for ChargeZone integration details: credit funding, customer eligibility, redemption rates, revenue-sharing economics and rollout across Landmark locations.
- Monitor inventory days and OEM receivables, as rapid revenue growth can increase working-capital needs and dealer funding costs.
- Compare margin performance with other premium auto retailers to determine whether the 33 bps EBITDA decline is company-specific or sector-wide.